What is RTX Corp worth?
With the base-case assumptions below, a discounted cash flow model on RTX Corp's reported free cash flow gives $118.11 per share. The share price was $189.40 on September 25, 2026, 60% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.5% | 10.0% | $65.42 | -65% |
| Base | 9.5% | 9.0% | $118.11 | -38% |
| Bull | 14.5% | 8.0% | $223.16 | +18% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $157.75 | $169.94 | $184.85 | $203.48 | $227.44 |
| 8.0% | $128.10 | $136.01 | $145.35 | $156.57 | $170.28 |
| 9.0% | $106.46 | $111.87 | $118.11 | $125.39 | $133.99 |
| 10.0% | $90.01 | $93.86 | $98.22 | $103.20 | $108.95 |
| 11.0% | $77.10 | $79.92 | $83.07 | $86.62 | $90.63 |
Where the presets come from
Base: years 1 to 5 grow at RTX Corp's revenue growth rate over the last 5 fiscal years (9.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions